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Article Archive | Page 3

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Space Mining: The Final Frontier For Oil Countries

Apr 26, 2017 at 14:52

The centuries-long human fascination with space may go beyond making sci-fi movies and into a brave new world of asteroid mining within just a couple of decades. While scientists and…

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Is Canada’s Oil Industry Regaining Momentum?

Apr 26, 2017 at 14:36

If dollars were votes, the Canadian oil sands is getting an approval rating of about 55 percent this year. Maybe that sounds like a great number for a politician, but…

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GM Factory Seizure Threatens Oil Sector In Venezuela

Apr 26, 2017 at 14:34

The Venezuelan government’s seizure of a GM factory, as reported by Reuters, signals that the deeply corrupt regime of President Nicolas Maduro is escalating its self-defeating actions. Ironically, for oil…

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Russia Thwarts ISIS Attack In Far East Oil Hub

Apr 26, 2017 at 14:21

Russia’s Federal Security Service, the FSB, said on Wednesday that it had foiled an attempt by alleged Islamic State supporters to carry out a terror attack in a crowded…

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Oil Prices Pull Higher As Refiners Soak Up Soaring Crude Imports

Apr 26, 2017 at 13:11

In today's game of rock-paper-scissors from the weekly EIA inventory report, crude inputs were propelled higher (like a rock), blunting the impact of super-strong imports (the scissors). On paper, the…

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Saudi Arabia Thwarts Attempted Attack On Aramco Facility

Apr 26, 2017 at 11:43

It seems the violence in Yemen may be spilling over into Saudi Arabia. On Wednesday, the KSA’s state-run media agency reported an attempted attack on an oil product distribution…

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Why Is China Buying Up These Unprofitable Natural Gas Assets?

Apr 26, 2017 at 10:20

Big surge in oil and gas M&A the last few months. With watchdogs Evaluate Energy reporting that Canadian energy deals have already totaled $32.8 billion in 2017 — nearly…

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EIA Takes Markets By Surprise, Reports Major Crude Oil Inventory Draw

Apr 26, 2017 at 09:49

Amid growing pessimism regarding an extension of OPEC’s oil production deal, and a day after the American Petroleum Institute reported an estimated increase of 897,000 barrels in U.S. commercial…

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Can An OPEC Extension Push Oil To $60?

Apr 25, 2017 at 15:38

It now seems quite likely that OPEC will agree to an extension of November’s production cut agreement at their May meeting. The question facing analysts and market watchers is how…

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Top 5 Risks To Oil Prices

Apr 25, 2017 at 15:35

Global oil inventories have started to decline and the supply/demand balance will soon tip into a deficit, if it hasn’t already. That will accelerate the drawdowns in crude oil stocks,…

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